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20121226
20130103
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leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached
evening. this isn't revolved yet. speaker john boehner gave them a choice to vote on the senate passed bill or amend it with more spending cuts and we are just getting word now from leadership aides that it's looking like they will vote on the senate's bill. how gop members left closed- door meetings with no agreement to pass the senate's "fiscal cliff" bill. the sticking point for many republicans, the senate version does not cut enough spending somewhat what we're really doing is raising taxes to give the president more money to spend. we think that's a bad idea. >> reporter: republican majority leader eric cantor told supporters he did not support the bill in its current form. do you personally oppose the bill? >> i do not support the bill. >> reporter: the senate agreement postpones harsh across-the-board spending cuts for a few months. it also makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000 a year. the white house sent vice president joe biden here to capitol hill to try to broker a deal with the house just like he
Search Results 0 to 1 of about 2